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Latest News
Conservatives accuse Carney of lying about role in Brookfield’s move to New York - The Globe and Mail Feb 26th
Conservatives accuse Carney of lying about role in Brookfield’s move to New York The Globe and MailCarney defends why he has not disclosed financial interests CBC.caConservatives React to Mark Carney’s Debate Performance – February 25, 2025 Cable Public Affairs.... More »
June home sales fall 6.7%; Toronto sees third monthly decline + MORE Jul 17th
Canadian Real Estate Association says June drop from month earlier levels was biggest since 2010
.... More »
Cogeco targets low-data users with new Canadian mobile service + MORE Jul 16th
Cogeco Inc. has launched its long-awaited wireless service in Canada, saying it plans to compete with other carriers in the market by targeting “low-to-mid data users.” The Montreal-based telecommunications company said it has already signed up an initial cohort of customers on the new mobile se.... More »
An investment strategy for a six-figure inheritance Jun 12th
The Problem
David, 31, is an engineer and lives in Toronto with his wife Alex and two-year-old son Leo. Both his father and grandfather were investors and he sees the six-figure estate that he inherited in January as a legacy that he really wants to continue. “My grandfather was a famous mining .... More »
Making sense of the markets this week: May 19, 2024 + MORE May 17th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Inflation is down, so stocks go up
The correlation between lowering inflation rates and inflated stock prices conti.... More »
Before you start investing do these three things
– myownadvisor.ca
Learn, save, invest and prosper with My Own Advisor.
In the My Own Advisor inbox I continue to get emails from readers about starting their investing journey. I’m going to revisit a few things I strongly believe in that should help you out on that. Let me know your thoughts and whether you agree (or disagree) with these suggestions in a comment below.
Do this item #1 – net worth calculation
Figure out where you are. What I mean by this is, figure out your net worth. What are your assets? What are your liabilities? What is the difference between those two values? Knowing what you’re worth (or what your family assets are worth) can be important indicator of financial health. For most people, one of your long-term financial goals should be to increase your net worth over time – that is increase your assets, decrease your liabilities, or both at the same time.
Do this item #2 – cash flow calculation
This is another financial indicator. Are you running a surplus every month? Are you running a deficit every month? This is another basic financial principle…
In the My Own Advisor inbox I continue to get emails from readers about starting their investing journey. I’m going to revisit a few things I strongly believe in that should help you out on that. Let me know your thoughts and whether you agree (or disagree) with these suggestions in a comment below.
Do this item #1 – net worth calculation
Figure out where you are. What I mean by this is, figure out your net worth. What are your assets? What are your liabilities? What is the difference between those two values? Knowing what you’re worth (or what your family assets are worth) can be important indicator of financial health. For most people, one of your long-term financial goals should be to increase your net worth over time – that is increase your assets, decrease your liabilities, or both at the same time.
Do this item #2 – cash flow calculation
This is another financial indicator. Are you running a surplus every month? Are you running a deficit every month? This is another basic financial principle…
With increasing financial demands, Canadians are working later in life. That’s pushed the average retirement age up to 63.
Venezuela collapses and nobody cares
– macleans.ca
Security forces clash with people trying to reach Miraflores presidential palace to protest against the severe food and medicine shortages, in Caracas on June 2, 2016. (Juan Barreto/AFP/Getty Images)We like to think that progress is irreversible. We look at our roads and supermarkets and hospitals and while we know that everything could be better, we rarely worry it will all collapse. Unhappily, right now Venezuela is proving that all of this can suddenly disappear, and it’s frightening.
The country is falling apart, rapidly and completely. By many measures, it is one of the most blessed nations in the Americas. It has the largest proven oil reserves in the world, almost twice Canada’s. It has rich agricultural land, incredible biodiversity and huge amounts of mineral wealth. And yet its people are now starving; its infrastructure is in tatters; law and order have broken down. And strangely, Canada doesn’t appear to care.
In the late 1990s, after a string of corruption scandals, a disillusioned populace turned away from the two main traditional political parties and elected the populist demagogue Hugo Chávez…
